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. warning the whole economy could be at risk because of that. lauren: which companies make the naughty and nice list. some retailers that were very good and some that should be pulled. david: let's tell you what drove the market with the "data download." stocks pushing higher with nasdaq and s&p posting four straight days of gains. hewlett-packard led the dow higher. the top performing sectors, while utilities lag. consumer confidence soaring to a five-year high, consumer sentiment index edging up nearly 30% higher than just a year ago. fewer americans filing first-time applications from plymouth benefits last week as impact subsided a little bit. weekly jobless claims fell a seasonally adjusted 410,000. lauren: the pits of the cme joining us, giving their strategy for protecting yourself from the potential fall off the fiscal cliff. the markets were kind of a honeymoon today. where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european iss
are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades e air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journa the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the words that govern the economy today and imperative that democrats put their heart and soul into a com
for the biggest airports in the country. wait until you hear this one. could this have an impact on the economy? that nobody thought of. we will break it all down for you, more "money" coming up. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the merces-nz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. melissa: the service employees union is trying to disrupt one of the busiest travel days of the year at lax headquarters in l.a. or the 1000 protesters are out blocking traffic trying to prevent travelers from getting to the airport. people were told to allow an extra hour and a half to get there. an extra hour and half on top of all the hours were supposed to get there ahead of time. with me now for both sides of the debate. gentlemen, welcome to the debate. i will start with you because as we watched all the video today of protesters out the
. wait until you hear this one. could this have an impact on the economy? that nobody thought of. we will break it all down for you, more "money" coming up. hey, yo, check out is chef, right? right? that's so gay. that's really gay. dude, look at those pants. please don't say that. what? don't say that something is gay when you mean that something is dumb or stupid. it's insulting. it's like if i thought this pepper shaker was stupid, and i said, "man, this pepper shaker is so 16-year-old boy with a cheesy mustache." just saying. melissa: the service employees union is trying to disrupt one of the busiest travel days of the year at laheadquarters in l.a. or the 1000 protesters are out blocking traffic trying to prevent travelers from getting to the airport. people were told to allow an extra hour and a half to get there. an extra hour and half on top of althe hours were supposed to get there ahead of time. with me now for both sides of the debate. gentlemen, welcome to the debate. i will start with you because as we watched all the video today of protesters out there trying to wreck
this drags on, the uncertainty continues to hurt the economy and continues to undermine markets. >> james nixon, thank you. autonomy's ceo says he's shocked by allegations of mismanagement. they've been forced to take a nearly $9 billion charge because of what it called serious improprieties. lynch says the trouble arose after hp took over the company. >> we've been talking about a massive elephant in the room that wasn't spotted. the reason it wasn't spotted is very simple, it wasn't there. it was done, in their own words, meticulously and great detail. and then they actually ran the company, including doing all of the books for the last four quarters. >> hp shares down 12% yesterday, closing on a ten-year low right now. that is the euro's closing price. >>> still to come later, he's now apologized to the investors for the poor call and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy i
assess what makes consumers spend, and what impact all those purchases have on the economy. >> brown: we have two stories about continuing unrest in the middle east, beginning with the political crisis in egypt. >> suarez: then, in her final report from turkey, margaret warner looks at the growing clout of syria's kurdish minority, and the impact that's having on the other side of the border. >> brown: when does a co-worker count as a supervisor? that question was before the supreme court today in a case about harassment. marcia coyle explains. >> suarez: and we examine new figures from the pew research center showing that young voters played a decisive role reelecting president obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. an
raising wages for retail workers kickstart the economy? one study says it could boost gdp by 15%. i'm not really buying that. when the people behind that report is here to disagree with me. even when they say it is not, it is always about "money." all right, let's take a look at the headlines, fed chairman ben bernanke warning of dire consequences if we go flying over the fiscal cliff, bernanke says failure to make a deal could trigger another recession. he also says the fed does not have the tools needed to stop another downturn. and they're calling it the largest insider trading case ever. sec charging him with conspiracy to commit serious fraud. reporter made $276 million in illegal profits after receiving a tip from a doctor about a new alzheimer's drug. hewlett-packard's taking a dive today in a shocking report of fraud. we will have all the details here in just a moment. but first our top story tonight, the fighting between israel and hamas continues. senator said hillary clinton met with diplomatic leaders in egypt today to hp broker a cease-fire but that did nothing to stop
americans are skipping out on vacation time. how it's dragging down the economy. and, a case of fraud spells trouble for h-p. plus, traders are placing bets on the fiscal cliff. find out how the odds are stacking up. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, november 21st. i'm angela miles. in today's first look: turkey tracks - trading volume is expected to be lighter than normal toward the end of the session as traders head home for the holiday. yesterday trading was a mixed bag of small gains and losses with the exception of oil, which fell $2. fed chair ben bernanke is urging lawmakers to strike a deal on the fiscal cliff sooner rather than later, otherwise the nation will return to recession. the obama administartion formally proposed new rules on healthcare, including requiring coverage for pre-existing conditions and minimum health benefits for millions. and in earnings after hours, salesforce.com rallied on better-than-expected news, while the zale fell 10% as the company lost some
't heard before. could christmas actually be bad for the economy? d? on black friday, it doesn't matter, as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. >>> it's being called the thanksgiving creep. a record number of stores are getting a jump-start on the holiday shopping season by opening their doors tonight. nbc's kevin tibbles is live in chicago for us. he's getting ready to shop till he drops, always ready to do the deed for work. so, what you got there? how bad is it going to be out there today? >> alex, if you think i'm going to be in a mall today, you've got me confused with the other 83 million kevin tibbless who aren't in the phone book. but it is thanksgiving. happy thanksgiving to everyone. for those of you who do have that sort of deal bug, well,
, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most renewables will ever be because you move needle with natural gas, and a five to ten year feared, --dea
. >> it is doing it now with china and japan. you have to of the biggest economies in the world in a nightmare situation that raises the fundamental question and up in in this myth that economics draws people together. part of the title today is "mischief or miscalculation?" during the cold war, you could have 17 different spheres of contact with the soviets and it two blew up, you could still have 15 others. there was a lot of heavy investment in figuring out how to court made, communicate, due to escalation and talk if things got bad. in this era, when i look at the amount of time -- the obama administration more so than the bush administration, when officials meet throughout the region, and the discussion attempt to correlate with china, there seems to be a lot of effort to try to coordinate. jim steinberg was the fourth member of this panel, looking at the island dispute and said, they were shocked and surprised by the level of miscommunication, miss assessment, and the dangers of that between china and japan. it raises the question of whether or not -- i agree. i know china wants respect
, and they continue to function in an economy with china, india, south korea, and other countries nothr buying into the sanctions, and, thus, they continue to create app economy frustrate sanctions. talk about this, expose it, impose harder sanctions on iran. melissa: what is it we can do about this? >> well, you know, i think it'st more complicated than that in that first of all, turkey supposedly is in a approximatey civil war against iran and syria supporting the opposition so eitherhey are speaking the truth or openly lying, and we can have a much stronger statement from the president looking for regime change inia syria, and all the while turkey funneling millions of dollars to iran. one is a war of words.war second, is also other partners s like dubai who supposedly is ani ally that also is just a hundred miles across the sea from iran, and shifting also some of that ld to them so we have other. players. india's an ally, other allies subverting sanctions through the new identity list gold economyys providing $1 billion to $2 billion a month bypassing t sanctions. melissa: when i heard th
: ♪ ♪ ♪ moving our economy for 160 ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with the police, and tear gas in tahrir square-- familiar scenes in egypt nearly two years ago that led to the fall of longtime leader hosni mubark. but today, they were aimed at egypt's new leader. in the coastal city of alexandria, opponents set fire to the offices of president mohammed morsi's political party, the muslim brotherhood. there and elsewhere in egypt today, the president's critics and supporters clashed in the streets over his decree yesterday exempting himself from judicial review, and giving him authority to take steps against "threats to the revolution." morsi, egypt'
is getting his economy back on track and to do that he needs the help of the international community and the united states. so he's got to carefully try to balance these two issues. i think he recognizes that a conflict along, you know, egypt's border with israel is not in egypt's interest any more than it's in israel's interests. so -- but these are people who have long been in opposition and they're having to learn to balance these political calculations as they go forward. >> right. and there's no rest after election day when you're the active president. p.j. will stay with us as we turn to another discussion right on point with president obama's foreign policy team. many republicans are attacking ambassador susan rice, a top candidate to replace secretary of state clinton. the senate has spiked some key nominations from president obama before, from elizabeth warren to nobel peace prize winner peter diamond. there is one number that suggests obama is likely to win this battle. we will look at the math after the break on "now." so you say men are superior drivers? yeah. then how'd
's not completely signed and stamped yet. the economy won't go into recession on january 2nd. >> really? j is that because so many people say that it will, jared. why do you think it won't? >> okay. because people conflate going over the cliff with going over and staying over the cliff and they're different. this is actually right out of the congressional budget office's document that many folks are quoting from including you guys just a second alg. the cbo prediction of a recession and unemployment going up to 9% is a scenario in which we go over the cliff and stay over the cliff for all of 2013. if we go over the cliff and we're able to essentially take away the kinds of very sharp tax increases and spending cuts that kick in right away, pretty quickly, say within a month or so, then it's not going to be great for the economy by any means but it won't be recessionary. >> jared, let's say that -- do you think the possibility of a stopgap, something that gets done to partially keep us from going over the cliff so we're just like hanging there at the beginning of the year and then we finish
of the arguments when it comes to the you relate to the economy. -- most of the arguments when it comes to the e you relate to the economy -- most of the arguments when it comes to the eu. >> i think we're just failing to allow a lot of the time, and then our own country is suffering. we're too busy dealing with everyone else. am i think the -- >> i think the eu has a lot to do to get itself out of trouble. >> those in favor of the eu are in the minority here, but they are part of. one growth organizes cultural exchanges -- one group organizes cultural exchanges. they are going to supply the local christmas market with wine from their local german city. >> i feel part of europe, rather than british particularly, but then may be i am the odd one. who is to say. >> although he is a fervent european, he thinks he is likely to remain the odd one out for some time to come. >> the government situation, and employment, the general economic situation, and generally, you look for scapegoats, and europe is a good scapegoat. >> even today, many britons think the enemy is on the continent in brussels. them
in cities as successful as san francisco. >> the economy for the last two years is challenging. a lot of people lost their houses through foreclosures. they were challenged with the market going down. it is just coming back for us now. >> volunteers are preparing for more than 5,000 people. they will also hand out 1700 bag lunches as well. >>> neighbors of a disi believe aed man have stepped up to help find his dog. he was getting dye yule sis treatment and -- dialysis treatment and broke his truck window and stealing his dog leaving her collar. he suffers from crohn's disease and just diagnosed with cancer and now this. he said lola was one of the bright spots in his life. >> she was wonderful from the first day. the most affection gnat, sweetest, nicest companion you could ever have. >> understandably upset. neighbors offered a $3,000 reward to help find lola. they handed out missing fliers and knocked on doors. that's all he needs as much as he has already been through. >>> up next, black friday blues of the why some wal-mart employees are planing a walkout on one of the busiest da
. >> the economy for the last two years is challenging. a lot of people lost their houses through foreclosures. they were challenged with the market going down. it is just coming back for us now. >> volunteers are preparing for more than 5,000 people. they will also hand out 1700 bag lunches as well. >>> neighbors of a disi believe aed man have stepped up to help find his dog. he was getting dye yule sis treatment and -- dialysis treatment and broke his truck window and stealing his dog leaving her collar. he suffers from crohn's disease and just diagnosed with cancer and now this. he said lola was one of the bright spots in his life. >> she was wonderful from the first day. the most affection gnat, sweetest, nicest companion you could ever have. >> understandably upset. neighbors offered a $3,000 reward to help find lola. they handed out missing fliers and knocked on doors. that's all he needs as much as he has already been through. >>> up next, black friday blues of the why some wal-mart employees are planing a walkout on one of the busiest days of the year. >> and for those planning to shop
has increased this year despite an improving economy. >> our folks felt the recession in 2008. they will feel the effects of coming out of it the last. >> reporter: st. anthony's has been providing thanksgiving dinner for 63 years. and a few blocks away at glide memorial church he has been feeding those in need on thanksgiving for 50 years. >> the homeless,less, the poor get their needs met. at least several days of the year. >> reporter: glide memorial church served thousands of meals on this thanksgiving. it is important to give during the holidays. they need people's time all year long. >> that is why the volunteers are important. come all during the week of every year. >> reporter: the need may be up but the folks at st. anthony's said the giving exceeded their expectation. in san francisco, ken pritchett, ktvu channel 2 news. >>> www.ktvu.com has a list of charities that need your help this holiday season. look under the hot topics. >>> first numbers from the maximum enforcement period. 50 people were arrested in the bay area since 6:00 p.m. last night. there were no fata
. we're always looking at geopolitical risks. it does play a part in the global economy. with slow global growth domestically and overseas, the last thing we need is another geopolitical crisis. >> fiscal cliff taking a backseat today. how are you allocating capital today? >> we're very cautious now, frankly. we have about a two-week window. i think the markets are being a bit accommodating, frankly, until we get more clarity. >> rick santelli, did you see any movement in the markets when they announced the cease fire? it had very specific impacts here and there, but wasn't a widespread thing, was it? >> no, it really wasn't. as a i talk, you can look at ten-year for every major developed economy. the u.s., the germans, the french, the u.k., the japanese. month to date, the patterns are almost all die dent call. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most ac
line, if you're a retail giant and just trying to get the most you can in a tough economy, do you see why they want to get out there and just get a jump-start and open up tonight? >> i definitely do, especially in the economic times understand why they would open. however, they are claiming to have consulting every employee's work schedule and requests but i can guarantee that not every single employee was personally consulted as to whether they wanted to work thanksgiving or black friday. target also flat-out ignored availability. for example, my fellow coworker never works fridays due to previous childcare arrangements with her daughter and she is scheduled to work black friday anyway. >> clearly it is not making people happy, but i thank you for coming in to share your thoughts. happy thanksgiving. >>> coming up, if congress can't get a deal done, how will it impact your pocketbook in the new year? >>> plus, how victims of hurricane sandy won't be forgotten this holiday. i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe
and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down the debt like it is suggested. so we need to see those numbers, what they planned, before any discussion is appropriate it seems to me. martha: you know, i mean, does take it from both sides. if you look at the republican side, basically they want to see cuts in spending and real entitlement reform and perhaps revenue that comes from the relief of some loopholes that are out there so that, bob corker i know has suggested maybe there be a $50,000 cap on the amount of deductions you can take in your taxes. republicans want to get there that way, not by raising any rates, correct? does that stand steady, that thought? >> i think that's a lot, where a lot of our members are. if you can simplify the tax code. make it more flat, more like a flat tax. eliminate
that central bankers can't rescue the u.s. economy if it goes over the fiscal cliff. paul is president of financial capital. given that we're talking about this so much with these guys not around, all we do is we keep showing how much time we have as it's ticking down. when they do get back, paul, how do you think that the deal looks if they do put one together, and do they get it done? >> good morning, and happy thanksgiving to y'all. we all know it's getting done, whether it gets done before christmas or in january, a deal's going to get done. i think also everyone knows taxes are unfortunately -- taxes are going to go up. i don't know it's going to be at the 250 level. maybe at the 500 or million-dollar level. but taxes are going to go up and expenses are going to get cut. so we all wish they would stop the jawboning and positioning and politicking, sit in a room with dulls, both give in a little bit and move on. but they're going to push and push and push and the markets will push a deal to get it done. >> so if you were trying to decide what to do, would you just stand pat with eq
get enough of a recovery. i think we need a deal on the economy and on the budget and the debt, but i think until we get that, we need to have unemployment -- >> we have extended food stamps to 47 million people. we have extended unemployment benefits for up to two years and may extend them again. extended reach of earned income tax credit which is a massive check in the mail to millions of people every january. >> who are working and earning money and rewarding them for work. stuart: most corrupt of all government handout programs. >> it shouldn't be corrupt. it was a good idea and started by ronald reagan. stuart: you would not change the safety net as it now stands? >> i would try to make it work more efficiently but would not change it. stuart: you don't think there's anything wrong with a nation which has all of these millions of people, half the population taking something from the government. >> i think there is a lot right about that in an economic time of devastation. we can make the programs work better, but the programs shouldn't be eliminated because there's corruption whe
the economy in gaza as well. gregg: general jack keane who advised hillary clinton, thanks very much. >> happy thanksgiving, gregg. gregg: you too, sir. ainsley: thanks, greging. we're now getting new reaction from jesse jackson jr. stepping down. we will have all those details. gregg: and workers protesting at the los angeles international airport. the busiest travel day of the year, why the unions are now choosing this time to flex its muscle. >> happy thanksgiving, i love you, happy new year, and i'll be home soon. god bless. go, big red. gregg: developing right now in "america's newsroom," the bbc getting a new boss, tapping tony hall to head the british television network. he is the current chief executive of the royal opera house. >>> former french president nicolas sarkozy heads to court answering questions about suspicions he illegally accepted donations from france's richest woman to fund his 2007 election. he denies the allegations. >>> and the national park service says the statue of liberty, ellis island, both will not reopen to visit thers year. those sites have been closed for cl
:00. >> is it worth it to got a good deal? >> i think it is, especially in this economy. >> the 40-inch toshiba. >> i want a tv, it's like $180. >> there's a lot of people in front of you that want it too. >> they're going to have to fight me for it. >> reporter: everybody trying to get their hands on that tv. the doors are going to open up here at midnight. and you can believe it's going to be a mad dash in there. >>> people all over the bay area are trying to beat the rush by getting some shopping done tonight. and many stores are offering some pretty good deals. an ipod touch going for $149. this 50-inch tv $339, half off. the manager says there's even more bargains not listed in the store's ad. he will be handing out cliff bars to shoppers to give them more energy after waiting outside for several hours. >> we're trying to make it as easy as possible for everyone shopping today and as safe as possible. we'll be passing out ads so everybody knows what's on sale, and they'll be able to see it. you can text with this code her or text target, more tvs to this number here. and it'll give you all the
the economy toppling back into recession. >> everyone i've had on this program, all the members of congress, have said to me, joanne, we have to get this done, of course it's going to get done. but we should remember it was a year ago today the grand bargain failed. so what's it going to take? >> you know, i think it might take the new congress being seated. i mean, if you think about it, you still have a lame duck congress so, while the election may have changed the atmosphere and sort of the story line for the members, the actual people themselves are still there. so they've not changed their ideologies at all. i think that the problem is that you have john boehner, president and mitch mcconnell negotiating with the exact same congress that they had when they couldn't make a deal the last time. so i think until the personnel change, i'm not sure you can get a deal. >> and juan kessler, the fact checker for "the washington post," has reported that, you know, you have to come from, like, some point point. you have to have a negotiating point to start with. he said democrats and republicans
. >>> we turn to the economy now, and some good news tonight for americans and their 401(k)s heading into thanksgiving. wall street ended the shortened holiday trading week on a two-week high, in fact. the dow closing at nearly 13,000. the fourth day of gains now, helped by that truce in the middle east this afternoon. wall street now hoping shoppers will provide the next boost to the economy, black friday now approaching. >>> there is still much more ahead on "world news" this wednesday night. on this night of travel in america, we take you inside the airplane of the future. a jet that erases jet lag? two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i have a cold, and i to
of failure. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that we're so irresponsible that we can't manage our affairs, people have no recourse but to invest with us today but they're going to work awfully hard to find alternatives very quickly. >> pelley: lloyd blankfein is among the world's most influential bankers, but he rarely does interviews. goldman sachs is the most successful investment bank on wall street with earnings last year of $4.4 billion. washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell you when y
financially and even in cities as successful as san francisco. >> the economy for the last two years is challenging. a lot of people lost their houses through foreclosures. they were challenged with the market going down. it is just coming back for us >> volunteers are preparing for more than 5,000 people. they will also hand out 1700 bag lunches as well. >>> neighbors of a disi believe aed man have up to help. he was getting dye yule sis treatment and -- dialysis treatment and broke his truck window and stealing his dog leaving her collar. he suffers from crohn's disease and just diagnosed with cancer and now this. he said lola was one of the bright spots in his life. >> she was wonderful from the first day. the most affection gnat, sweetest, nicest companion you could ever have. >> understandably upset. neighbors offered a $3,000 reward to help find lola. they handed out missing fliers and knocked on doors. that's all he needs as much as he has already been through. >>> up next, black friday blues of the why some wal-mart employees are planing a walkout on one of the busiest days o
. this is big one for retailers. an economy in recovery means consumers are holding tight to their pocketbooks forcing retailers to fight harder for every dollar you spend. >> this is last minute thanksgiving thing. >> walmart is hoping they will follow the lead and head out early. they made a move that has left many people scratching their heads. they are opening their doors two hours earlier last year at time when many are still finishing dinner and watching football. >> 8:00 p.m. on thanksgiving, i don't mind it for me but i feel bad for everybody working. >> he is not alone. workers at stores signed online petition asking for thanksgiving day off. there is a demonstration for what some are called a retaliation against the workers. >> she is here because she wants to be. we couldn't find a single employee to support it to open on thanksgiving. >> i'm walking on the street when i get off of work. >> they predict 41 million customers will shop on thanksgiving. coming up at 6:00 one difference we spotted in this parking lot at the same time last year. >> carolyn: a lot of window shopping at sa
by $600 billion, the largest one-year reduction in history but will throw the economy back into a recession. unemployment will go from 7.9% currently to over 9%. i don't think that's going to happen. i do think we'll go over the cliff, not have a deal before it happens. i think it will be fixed shortly after this -- after they storm the castle with pitch forks and torches but this is potentially the worst fiscal policy since the end of the great depression when we went into an austerity program too early and threw the economy back into a recession back in the '30s. so this is serious stuff. but notice everything we just talked about the meetings each one is having. notice who's not having a meeting. the president is not having a meeting with john boehner. the congressional leaders aren't coming to the white house. there will be no direct negotiations this week. there's not -- if there is going to be a deal here, it won't be done until the middle to the end of december. all of this so far is just kabuki theat
. will this be a much-needed jolt for the economy. >>> we're going to dig into the numbers this morning. >>> and speaking of money. powerball fever, overloading machines, causing them to break down. we have the latest on the multimillion-dollar jackpot. and tips from a seven-time winner. seriously, he's won seven times. >> i'll be taking notes. >> pick the right numbers. back to you. >> he's on a roll. >>> i have to focus here. this is important. turning heads this morning, anna nicole smith's 6-year-old daughter, dannielynn, following in her mother's footsteps, modeling for guess. we'll hear from her and her dad. >> she looks exactly like anna nicole smith. >> and he looks tired. thank you for getting up with us. >>> we're going to keep you up, though. they're here, the muppets, live. i hear they're taking over the control room. >> on the right side. not the left side. the right side. my left side is pretty good. >> they always take over the control room. >>> first, let's get to sam and the snow making for a nuisance in the rush hour. >> it is a nuisance snow. some folks won't get the
around. >> okay. >> what else do we have in news? >> we have the economy. we'll begin there now at 4 past the hour. >> we're going to keep reading the post. go ahead. >> the markets look to rebound after stocks finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial risk to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016. >> we could do that as well. h
people are flying. another reason is because of the economy, some people are saying i'm going to hold off in terms of booking a flight especially because fares are not dropping. because there's limited capacity. the airlines have been able to hold fares at a fairly consistent level. they are down according to aa compared to last year. still, you won't find too many bargains unless you're looking for last minute deals to nontraditional places. one other thing, guys, as we take a look at rental car stocks, you've heard a lot of stories over the last couple of days. it's true. if you were looking to rent a car in the northeastern united states, which some people do during the holiday weekend, good luck because most of them are already spoken for. this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this
." >> a new holiday spending bonanza. americans are feeling more confident about our economy. will lead to the great of growth, and what could set us back? >> also, an arrest in a string of murders in new york city connected to one gunman. what we are learning about the man that police in new york city say was poised to strike again. and a large bird crashes through the cockpit plane of this airport. details of the scare in the air for the pilot and passengers. it's all "happening now." >> but first, the cease-fire truce may be fragile, but it appeals to be holding. i am heather childers in for jenna lee. >> and i am rick scott in for jon scott. with egypt's president mohammed morsi, it is a big test for the new leader. steve harrigan is live in cairo. some are saying that mohammed morsi is the real winner here. you have all sides facing the same person. americans giving him high marks for his mediation, even some israeli officials praising the president. as far as the mediation goes, there were some concerns about which direction he would say, a long-term member of the muslim brotherho
the other families who have left, you have to talk about the state of the economy. they are not able to find jobs that they used to, and also, it's becoming more and more dangerous to cross the border. not only because of the -- what happens at the border, but because the mexican border states are increasingly under the control of mexican drug cartels, so if you put all of that together, it's creating this situation where mexicans are returning to the united states in record numbers. as a matter of fact, a million mexicans return to mexico between 2005 and 2010. a rate that has want been seen since the 1960s. >> that family finally, do they a desire for their kids to go back when they turn 18, to go back to the united states? is that part of the plan? >> the main problem right now is trying to redefine their life in mexico. luckily, both parents have been able to find jobs. the kids are going to school, so that's not necessarily a case for some of the families who have returned, but the big question now is now what? do we just forget about the life we had, or do we somehow try to apply or ho
's thanksgiving pallad. we will show share how it happened. >> steve: want to see where our economy is going. look back to 1937 and franklin roosevelt and stewart varney will explain how history could repeat himself as he enters studio e. good morning to you, stewart. ♪ ♪ ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare
, but it would also compromise our economy. >> and, quickly, there's a lot of speculation about what type of deal, what the deal will actually look like, talks perhaps coming to an agreement to have a mechanism in place that would have sizable deficit reduction and have sizable entitlement reform in 2013, a little bit now, a lot later. do you think it's possible in the lame duck to do a big deal or get a blueprint in place by january 1st? >> well, my best guess is, and it's just a guess, is that we have a blueprint and that we do make some changes. but that a commitment is made, not something as extreme as the sequester but a commitment is made for tax reform and other reforms that take place in 2013, but that we do enough to get us through the end of the year. i don't think it will be a completely kicking the can down the road because we can't because as my good friend from vermont says, you know, everybody's taxes will go up. i can't see that happen. i really can't. >> representative karen bass from l.a. laker land, thanks so much for waking up early for us. happy thanksgiving. >> thanks for ha
of our economy. and i feel good about this, but it's not going to be cheap. we have to have reasons. there needs to be oversight so that money is not provided just frivolously, and i don't think anybody wants that. >> the numbers, though. you say it's not going to be cheap. is there a damage estimate, some estimation right now from the storm damage? >> i expect by friday or monday, tom, that we will have a bottom line figure. the governor's office is working on that right now, justifying each of the line items that would be in that proposal. so i'm very confident that we could do that either by 4:00, 5:00 friday afternoon or monday morning. i'm very confident we'll have a number to go by. i think it's going to be a lot more realistic number than you saw the governor of new york, who i have a great deal of respect for. but i didn't think that helped us in providing dollars for any of the tristate area that was affected by this storm. you need to plan this out, tow yao need to be very resolved, you need to be able to substantiate. you asked me a question before about the shore. we're
reflection on us all. now through january 2nd. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. so i brought it to mike at meineke. we gave her car a free road handling check. i like free. free is good. my money. my choice. my meineke. >>> welcome back to cnn sunday morning. i'm randi kaye. here are some of the stories that we're watching right now. today is expected to be one of the busiest travel days of the year. pack some patience. nearly 2.5 million thanksgiving holiday travellers will be catching a flight back home. millions more will be on the road. triple-a projecting 43.6 million americans are traveling during this long holiday weekend. that is, three million more than last year. >>> in washi
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